Co-operative Bank of Kenya has entered into a strategic partnership with the Kenya Ports Authority (KPA) aimed at modernising payments and enhancing efficiency across the country’s maritime logistics ecosystem. The collaboration was officially announced during a stakeholder event held at Ole Sereni Hotel.
Through the new integration, Co-op Bank will now offer real-time collections for cargo handlers, clearing agents, transporters, and port users allowing seamless payment processing and instant confirmation of transactions within KPA systems.
A Major Boost for Trade Facilitation
The bank described the solution as a key step toward supporting a world-class, seamless regional gateway, reinforcing Kenya’s position as the leading logistics hub for East and Central Africa.
With thousands of daily transactions flowing through the Port of Mombasa and related inland logistics facilities, the real-time collections platform is expected to:
- Reduce delays linked to manual payment verification
- Improve operational transparency
- Speed up cargo clearance and movement
- Enhance convenience for all port users
- Strengthen end-to-end digital efficiency
Co-op Bank said the integration aligns with national objectives to digitise trade processes and eliminate bottlenecks that traditionally slow down cargo handling.
Driving Innovation Through Collaboration
Speaking during the event, leaders from both institutions emphasised the importance of innovation and collaboration in transforming Kenya’s logistics sector.
Co-op Bank noted that its partnership with KPA demonstrates its commitment to providing tailored financial solutions that support key economic sectors, especially transport, manufacturing, shipping, and regional trade.
KPA officials welcomed the integration, calling it a timely upgrade that will help the authority deliver faster, more reliable, and more efficient services to port stakeholders.
Strengthening the Regional Trade Corridor
The Port of Mombasa serves Kenya, Uganda, Rwanda, South Sudan, DRC, Burundi, and Northern Tanzania. By enabling real-time payments, the new system helps reduce administrative friction and enhances Kenya’s competitiveness as the region’s primary maritime gateway.
The partnership signals a growing trend in which financial institutions and public agencies collaborate on digital systems to support trade, streamline revenue collection, and accelerate service delivery.
Co-op Bank reaffirmed that it will continue investing in digital tools and partnerships that drive economic growth for businesses and institutions across the country.
